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velcom acquired majority stake of OAO Gomelsky Oblastnoi Technotorgoviy Tsentr Garant

Aug 1, 2017

velcom addressed Gomel Garant shareholders with a proposal of 100% shares purchase. Thus, mobile operator acquired 96,43% shares on the first buying up day.

«Our interest in acquisition of regional high rollers is driven by company strategy in rendering convergent broadband services throughout the country by either further building own infrastructure or acquiring current market players. Garant is an excellent candidate to support this strategy. It is a stable operation with a reliable network and positive perspectives. We are welcome it in velcom family», - said Helmut Duhs, CEO of velcom.

OAO Gomel Garant is a third largest internet provider in Belarus rendering fixed data access, digital and cable TV in Gomel and Gomel oblast.